Ride share prices for Uber, Lyft continue to spike nationwide amid driver shortage, high demand

foxbusiness2021-06-11

Hailing arideis becoming increasingly expensive for consumers. As ride-share companies likeUberandLyftcombat driver shortages, prices for rides have spiked 40% nationwide, according to data from ...

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精彩评论

LplMichelle
2021-06-11
LplMichelle
Great
Liha
2021-06-11
Liha
Wowwww
dandan_4896
2021-06-11
dandan_4896
Keep inovating and progress 🤑
- Boazz:
  Huat
Jeffgoh
2021-06-11
Jeffgoh
Wow.. greater profits
- dandan_4896:
  love u jeff
Qcumber
2021-06-11
Qcumber
Woww cool
- nigelquek:
  Great
- dandan_4896:
  Keep inovating and progress 🤑
Jonhuatah
2021-06-11
Jonhuatah
Nice

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The surge is hitting big cities like New York, Los Angeles and Chicago especially hard.\nIndustry analysts say with the economy rebounding and travel and hospitality seeing increased demand, more consumers are once again relying on ride-hailing apps at higher rates.\n\"The rise in prices is a classic case of supply and demand. Activities, events and restaurants are opening back up, and people are seeking ride-sharing services at a scale we haven’t seen since before the pandemic,\" Rakuten Intelligence, Vice President of Insights and Analytics David Gill told FOX Business in a statement.\nDrivers, meanwhile, have sought out other avenues for gig work during the pandemic to stay afloat amid slow times. At the height of COVID-19, many drivers faced unsteady earnings with one driver saying he was making just $2.50 an hour due to lack of demand compared to the $200 an hour they were making before the pandemic,Business Insiderreported in April.\n\"A lot of drivers shifted their attention to other gig-work during the pandemic to keep money coming in at a time when rides were down, and they haven’t returned at the volume needed to keep up with the new demand. We’re seeing ride-sharing companies invest in incentivizing new drivers, so we’ll see this even out, but it might be weeks or even months before we get there,\" Gill explained.\nIndeed, Uber announced in April it was launching a $250 million stimulus to boost earnings for drivers as a way to incentivize workers amid the shortages. 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